Aerogel Market Regional Developments And Competitive Landscape In 2024

Aerogel Industry Overview

The global aerogel market size was estimated at USD 1.04 billion in 2022 and is expected to register a growth of 16.3% over the forecast period. In terms of properties, it offers superior thermal resistance, lightweight, very low density, fire-resistance, and excellent thermal insulation wherein it is widely used across varied applications. In accordance with the properties, aerogels are manufactured in several forms such as blankets, particles, panels, and monolith.

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Aerogels can be molded into thin films or monoliths and used in thermal insulation, acoustic, thin-film coatings, vibration damping, or any place where structural foam is required in case of automotive purposes. The automotive industry is shifting from internal combustion engines (ICEs) to fully electric and automatic moving machines earlier the companies focused on one of the specified parameters in a vehicle, including efficiency, comfort, performance, or safety however, with the help of aerogels all these requirements can be clubbed together in a vehicle, thus, making them an ideal raw material for automotive use.

The U.S. holds a strong dominance in the market owing to the increased awareness among manufacturers regarding the benefits of aerogels as compared to other insulating materials. The key players are constantly working on research and development for improving the products with support from the government for funding the research. With the well-established aerospace, marine, automobiles, building and construction, performance coating, oil and natural gas industry in the U.S., the use of aerogels for these applications prevails in high volume.

Aerogels are low-density materials that exhibit unique properties and are available in solid form. These are traditionally manufactured by using supercritical drying technology. However, advanced technologies have been developed for more efficient results. These are made by removing liquid from a gel by using a specific procedure, which results in a 3D nanoporous structure with an air range from 80 to 99%. These can be manufactured from any material but are commonly manufactured using silica and termed as silica aerogel. However, some of the other materials used in their manufacturing are silica, polymer, and carbon, among others.

The manufacturers have agreements with suppliers, distributors, exporters, or online sellers for the disbursal of the product in the end-use market. Efficient distribution is one of the major challenging factors responsible for the slow expansion of manufacturers in foreign markets. The high production cost involved in the manufacturing of aerogel as well as its fragility and delicacy associated with the transportation in distant locations involved in the final delivery is likely to restrict its growth to an extent over the forecast timeframe.

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Aerogel Market Segmentation

Grand View Research has segmented the aerogel market report based on product, technology, form, end-use, and region:

Aerogel Product Outlook (Revenue, USD Million, 2018 – 2030)
• Silica
• Polymers
• Carbon
• Others

Aerogel Technology Outlook (Revenue, USD Million, 2018 – 2030)
• Supercritical Drying
• Others

Aerogel Form Outlook (Revenue, USD Million, 2018 – 2030)
• Blanket
• Particle
• Panel
• Monolith

Aerogel End-use Outlook (Revenue, USD Million, 2018 – 2030)
• Oil & Gas
• Building & Construction
• Automotive, Aerospace & Marine
• Performance Coatings
• Others

Aerogel Regional Outlook (Revenue, USD Million, 2018 – 2030)
• North America
o U.S.
• Europe
o Germany
o U.K.
• Asia Pacific
o China
o Japan
• Central & South America
o Brazil
• Middle East & Africa

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Key Companies profiled:
• Aspen Aerogels, Inc.
• Cabot Corporation
• Aerogel Technologies, LLC
• Active Aerogels, LDA
• BASF SE
• JIOS Aerogel Corporation
• Nano Technology Co., Ltd.
• Dow, Inc.
• Enersens